iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 52-Week High – Here’s Why

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $83.41 and last traded at $83.40, with a volume of 19447 shares trading hands. The stock had previously closed at $83.00.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.0%

The company’s 50 day simple moving average is $81.78 and its two-hundred day simple moving average is $77.61. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 28.77 and a beta of 1.08.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 69.1% in the 1st quarter. LPL Financial LLC now owns 2,011,284 shares of the company’s stock worth $143,666,000 after purchasing an additional 821,692 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 31.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,828,545 shares of the company’s stock worth $130,649,000 after purchasing an additional 434,630 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 972,592 shares of the company’s stock worth $78,031,000 after purchasing an additional 29,655 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 7.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 781,778 shares of the company’s stock worth $62,722,000 after purchasing an additional 55,009 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.6% in the 2nd quarter. Avior Wealth Management LLC now owns 635,237 shares of the company’s stock worth $50,965,000 after purchasing an additional 22,204 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.